Software in the Netherlands
The Dutch economy slowly crawls out of the financial crisis and shows in the first quarter of 2015 for the fourth consecutive time a positive growth. With a growth of 5.3% the ICT sector performs above average (CBS, 2015). The ICT industry is therefore a very important sector for the Netherlands with a turnover of more than EUR 34 billion (ICT Market Monitor 2014) realized by 25,000 enterprises providing employment to 265,000 people (ICT Netherlands, 2014).
Within the Dutch ICT industry is the fastest growing segment is the software sector. In 2015, the software industry is expected to grow by 5.3% to EUR 6.4 billion (ICT Market Monitor 2014). The sector is characterized by the presence of some big players, but the bulk of the market consists of innovative SME’s that, with their software solutions, respond to global trends as increasing efficiency and productivity in business, climate change, aging and digitization.
Globally, the software industry has been growing for decades by an average of 11% per year. In 2015 the industry for B2B software will grow by 5.5% (Gartner, 2015). In addition, a large number of sub-segments show a much higher growth rate driven by developments in the field of BI, security, social collaboration, mobile and cloud applications. For software offered in the cloud as a service (SaaS) we even expected an average growth of 21% (Forrester, 2015).
Results from the Main Software 50 show that Dutch software companies are highly active internationally. Between 2010 and 2014, exports of Dutch software companies even doubled from EUR 1.5 billion to EUR 3.1 billion, a growth rate of 206% (ICT Netherlands, 2014).
The software industry thus appears to be a major driver for innovation and growth of Dutch companies. As in previous years, the purpose of the Main Software 50 is to give more visibility to the 50 most successful Dutch software companies and to profile the software industry as a whole in a better way!